I expect underlying profit at around $50m and a loss this half. I also expect that the board will try and convince us that there is a sale afoot for the next 6-8 months with nothing really happening. Sooner or later ASIC will pounce which will put further pressure on the board. All the while they will hope and pray for a turnaround or some miracle to come along and save them but nothing will. Once the reality dawns the share price will collapse to below $1.00 and the vultures will swoop in and pick at the carcass.
I feel so sorry for the longer-term shareholders.
When will AMP hit $1.00, page-19
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Last
$1.16 |
Change
0.010(0.87%) |
Mkt cap ! $2.986B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.16 | $1.15 | $1.164M | 1.008M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 255770 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 336071 | 36 |
View Market Depth
| Last trade - 10.18am 18/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |